Gleiss Lutz has advised the French group Valeo on its acquisition of the automotive supplier Peiker. Peiker specialises in telematics and connectivity solutions. The company is one of the leading suppliers of high-tech solutions in the area of communications technology in vehicles. It has subsidiaries in France, the U.S., China and Mexico. In the 2015 fiscal year, the Peiker group of companies, which employs some 1,000 people worldwide, will report sales of approximately €310 million. 

Valeo and Peiker have already worked closely together. In February 2015 the two companies signed a technological cooperation agreement. 

The takeover enables Valeo to extend its capabilities in the area of autonomous and connected driving. The transaction is subject to the approval of the relevant anti-trust authorities. 

Valeo employs 82,700 people in 30 countries worldwide and generated sales of €12.7 billion in 2014. Valeo is listed on the Paris stock exchange (Euronext). 

Valeo was advised by the following team of Gleiss Lutz lawyers: Dr. Cornelia Topf (Frankfurt), Dr. Urszula Nartowska (Hamburg, both lead, partner, corporate/M&A), Dr. Matthias Sonntag (partner, IP/IT, Düsseldorf), Dr. Doris-Maria Schuster (partner, employment, Frankfurt), Dr. Andreas Neun (partner, public law, Berlin), Dr. Johann Wagner (partner, tax, Hamburg), Maximilian Habel (Hamburg), Dr. Hans-Georg Schulze (Berlin), Dr. Konstantin von Dryander (Frankfurt, all corporate/M&A), Dr. Birgit Colbus (counsel), Sergej Bräuer (both competition/anti-trust, Frankfurt), Dr. Björn Kalbfus (Munich), Mischa Krumm (Düsseldorf, both IP/IT), Philipp Harländer (employment, Hamburg), Anna Hedwig Karpf (commercial, Stuttgart), Dr. Katharina Lubitzsch, Dr. Daniel Görlich (both public law, Berlin), Konrad Discher (real estate, Berlin).